The Ohio Department of Insurance urges Ohioans to carefully consider financing and coverage options related to Long Term Care. Below is part of an article that is on the Ohio Department of Insurance website.
October is Long Term Care planning month
Columbus – October is National Long-term Care Planning Month and the Ohio Department of Insurance is encouraging Ohioans to take a careful approach when determining how they will pay for their long-term care and if they should secure long-term insurance.
“Before anyone purchases long-term care insurance, it’s extremely important to consult your family, attorney, tax advisor and review many factors, including your future ability to pay premiums and your family’s commitment to tend to your health care needs in the future,” said Mary Jo Hudson, Director of the Ohio Department of Insurance. “Long-term care insurance can be expensive and needs to be a carefully considered purchase.”
Long-term care insurance can help pay for medical care given in a nursing home, assisted living facility, adult day care center or our own home. It can also pay the expenses related to skilled care and treating sudden or ongoing health problems. Long term care policy terms vary, so it’s important to review them carefully before purchase.
The Department’s Ohio Senior Health Insurance Information Program (OSHIIP) provides unbiased and free information and long-term care insurance coverage. Ohioan can call OSHIIP at 1-800-686-1578 with questions and are urged to utilize the Department’s Shopper’s Guide to Long-term Care Insurance, available at www.insurance.ohio.gov. You can also request that the guide be mailed to you.
We would like to encourage anyone who is considering the purchase of Long-term care insurance to visit the website noted above or call and request free information.
